https://www.taxtmi.com/caselaws?id=76757 Duty demand on shortage of finished goods was sustained because stock verification was conducted in the presence of the authorised signatory and the Production Manager admitted the shortage without disputing the stock memo. Penalty under Section 11AC of the Central Excise Act, 1944 and allied provisions was set aside because the record contained no evidence of clandestine removal or intent to evade duty. Mere shortage, by itself, was held insufficient to attract the mandatory penal consequences. en-us Wed, 16 Sep 2009 00:00:00 +0530 Fri, 16 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76757 Duty demand on shortage of finished goods was sustained because stock verification was conducted in the presence of the authorised signatory and the Production Manager admitted the shortage without disputing the stock memo. Penalty under Section 11AC of the Central Excise Act, 1944 and allied provisions was set aside because the record contained no evidence of clandestine removal or intent to evade duty. Mere shortage, by itself, was held insufficient to attract the mandatory penal consequences. Case-Laws Central Excise Wed, 16 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76757